The Korea Herald


[Graphic News] Shipbuilders’ performance improves in Q1

By KH디지털2

Published : May 5, 2016 - 16:45

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Korea’s top three shipbuilders — Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering — recorded improved performances during the first quarter of this year, according to industry insiders on Wednesday. 

The world’s No. 1 shipbuilder Hyundai Heavy Industries reaped its first profit in 10 quarters with a net profit of 244.5 billion won ($210 million), although most of the profits were from non-shipbuilding activities.
Moreover, the troubled DMSE recorded a net profit of 31.4 billion won compared to its 1.1 trillion won net loss last quarter. 

Samsung Heavy Industries additionally saw improved performance, with a net profit of 15.9 billion won compared to a 42.9 billion won net loss last quarter despite a 21.6 percent decrease in revenue and 79.6 percent decrease in operating profit.

(Graphic: Han Chang-duk)